According to the Commodity Market Analysis System of Shengyi Society, from September 19th to 26th, the domestic BDO price fell to 7522 yuan/ton, with a price decline of 0.27% during the period, a month on month decline of 1.20%, and a year-on-year increase of 0.88%. Some of the early load reduction devices are operating at a reduced capacity, and new production capacity is producing high-quality products, resulting in an increase in supply. Operators are cautiously bearish and bargaining. The industry has been suffering long-term losses, and the supply side has a stable market mentality. The supply and demand negotiations are in a tug of war, and the market is deadlocked.

Supply side, BDO supply side is expected to be affected by favorable factors.
On the cost side, raw material calcium carbide: The domestic calcium carbide market has seen a narrow upward trend, with smooth shipments from production enterprises and tight supply of goods. Recently, the market supply has recovered, and the early maintenance equipment has been gradually restored, and the production restrictions in Inner Mongolia have also been restored. Raw material methanol: The domestic methanol market continues to be weak. As of 10:00 am on September 26th, the reference price for domestic methanol in Taicang is 2250 yuan/ton. The raw material calcium carbide has seen an upward trend, while methanol has been weakly consolidated, and the impact on BDO costs is mixed.
On the demand side, downstream terminals continue to follow up on essential contracts or digest inventory before the National Day holiday. Most downstream industries are losing profits and are resistant to high raw material prices, resulting in weak intentions to purchase spot goods. The demand side of BDO is affected by bearish factors.
Market forecast: We are about to enter the National Day holiday, and downstream stocking has basically ended, with few actual transactions. The pre maintenance equipment has been restarted, resulting in an increase in BDO supply. The downstream PTMEG industry has seen an increase in production, leading to an increase in raw material digestion. The supply and demand in the BDO market have increased, and the negotiation game continues. BDO analysts from Business Society predict that market volatility may be limited.